Lincoln National Corp Has $16.63 Million Position in Procter & Gamble Company (The) (PG)

Lincoln National Corp lifted its holdings in Procter & Gamble Company (The) (NYSE:PG) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 190,833 shares of the company’s stock after purchasing an additional 7,487 shares during the period. Procter & Gamble accounts for about 0.8% of Lincoln National Corp’s investment portfolio, making the stock its 20th biggest holding. Lincoln National Corp’s holdings in Procter & Gamble were worth $16,631,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Asset Planning Services Ltd. raised its holdings in Procter & Gamble by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after acquiring an additional 5 shares during the period. Riggs Asset Managment Co. Inc. raised its holdings in Procter & Gamble by 11.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after acquiring an additional 170 shares during the period. Winfield Associates Inc. raised its holdings in Procter & Gamble by 0.7% in the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after acquiring an additional 15 shares during the period. Watermark Asset Management Inc. bought a new position in Procter & Gamble in the 1st quarter worth $201,000. Finally, Security National Bank of SO Dak bought a new position in Procter & Gamble in the 1st quarter worth $206,000. 60.58% of the stock is owned by institutional investors and hedge funds.

PG has been the topic of several recent analyst reports. Stifel Nicolaus set a $87.00 target price on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Friday, October 20th. Jefferies Group reiterated a “buy” rating and issued a $104.00 target price on shares of Procter & Gamble in a report on Tuesday, October 10th. Goldman Sachs Group reiterated a “sell” rating on shares of Procter & Gamble in a report on Wednesday, October 4th. Royal Bank Of Canada reiterated a “buy” rating on shares of Procter & Gamble in a report on Monday, October 23rd. Finally, Bank of America lifted their target price on shares of Procter & Gamble from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $87.81.

In related news, insider Carolyn M. Tastad sold 5,300 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.18, for a total value of $472,654.00. Following the sale, the insider now owns 57,191 shares of the company’s stock, valued at $5,100,293.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total transaction of $379,581.00. Following the completion of the sale, the insider now directly owns 85,495 shares in the company, valued at approximately $7,438,065. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,575 shares of company stock worth $1,927,095. Insiders own 0.35% of the company’s stock.

Procter & Gamble Company (NYSE PG) traded up $0.37 during trading hours on Friday, hitting $90.36. 7,953,123 shares of the stock traded hands, compared to its average volume of 5,682,276. Procter & Gamble Company has a one year low of $82.07 and a one year high of $94.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. The company has a market cap of $229,239.53, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 2.91 and a beta of 0.67.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The company had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The business’s revenue was up .8% compared to the same quarter last year. research analysts forecast that Procter & Gamble Company will post 4.17 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th were issued a dividend of $0.6896 per share. The ex-dividend date was Thursday, October 19th. This represents a $2.76 annualized dividend and a dividend yield of 3.05%. Procter & Gamble’s payout ratio is 48.51%.

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Procter & Gamble Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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